Bajaj vs LIC Home Loan, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Bajaj Housing Finance and LIC Housing Finance— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Bajaj vs LIC — Home Loan Comparison
Key parameters compared side by side.
| Parameter | Bajaj | LIC |
|---|---|---|
| Interest Rate (p.a.) | 8.35% – 9.5% | 8.3% – 9.35% |
| Processing Fee | Up to 0.50% (negotiable for premium customers) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 5 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | NBFC | NBFC |
| Founded | 2015 | 1989 |
| Headquarters | Pune | Mumbai |
Interest Rate (p.a.)
Bajaj
8.35% – 9.5%
LIC
8.3% – 9.35%
Lower/better: LIC
Processing Fee
Bajaj
Up to 0.50% (negotiable for premium customers)
LIC
0.50% (max Rs 10,000)
Max Loan Amount
Bajaj
Rs 5 Cr
LIC
Rs 5 Cr
Max Tenure
Bajaj
30 Years
LIC
30 Years
Bank Type
Bajaj
NBFC
LIC
NBFC
Founded
Bajaj
2015
LIC
1989
Headquarters
Bajaj
Pune
LIC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh home loan for 20 years at each bank's listed starting rate.
Bajaj
LIC
Savings: Choosing LIC saves you approximately ₹158 per month, or ₹37,920 in total interest over the loan tenure.
Feature Comparison
Key features offered by Bajaj and LIC for home loan.
| Feature | Bajaj | LIC |
|---|---|---|
| Flexi home loan (OD feature) | ||
| Part-prepayment anytime | ||
| Quick disbursement | ||
| Minimal documentation | ||
| Griha Prakash scheme | ||
| Special rate for women | ||
| Free life cover option | ||
| Pan-India branch presence |
Flexi home loan (OD feature)
Part-prepayment anytime
Quick disbursement
Minimal documentation
Griha Prakash scheme
Special rate for women
Free life cover option
Pan-India branch presence
Which Is Better — Bajaj or LIC?
It depends on your priorities. Here is a quick guide.
Choose Bajaj If...
- Trusted brand with strong home loan offerings
Choose LIC If...
- Lower starting interest rate (8.3% vs 8.35%)
- Lower maximum rate (9.35% vs 9.5%)
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
Eligibility Comparison
General eligibility criteria for home loan at both banks.
Bajaj Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
LIC Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Bajaj vs LIC home loan.
Which bank has a lower home loan interest rate in 2026 — Bajaj or LIC?
LIC currently shows a lower published starting rate of 8.3% p.a. for home loan. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum home loan amount I can get from Bajaj vs LIC?
Bajaj offers a higher maximum loan amount of up to Rs 5 Cr. Bajaj offers up to Rs 5 Cr while LIC offers up to Rs 5 Cr for home loan.
Which bank charges a lower processing fee for home loan — Bajaj or LIC?
Bajaj lists a processing fee of Up to 0.50% (negotiable for premium customers), while LIC lists 0.50% (max Rs 10,000). Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose Bajaj or LIC for home loan in 2026?
The best choice depends on your specific needs. Bajaj offers rates from 8.35%–9.5% with a max tenure of 30 years, while LIC offers 8.3%–9.35% with 30 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a home loan from both Bajaj and LIC?
Money Matrix Hub can help you compare available lender information for Bajaj and LIC. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
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